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( cn~~r'c wriUen agrcrm~nt ~~r applirahl~ la~. BormHer sha(1 pay Ih~ ampuni Vf 1~j~iut~gs+gc d~.Qf n.-e premiums in thc ~
mann~r providrd undcr pa~agtuph ? hcreof. ~ 1 +~J~ ~
Any anu~unis d~.hurscJ by LrnJrr pur.u;~nt t~~ this par.~graph 7. H~ith it~tcrccl Ihcrcun. thall ~x~comc adJiiional ~
inJ~Mrdnca< <~f R~~rroHCr cecurrd h~~ 1hi~ ?l1utt~¢e~ ~'nl~~• Borro~~~r and t cnJcr agr~~: ~o ~thcr ~crmc ~~f paymcnt, cuch
am~~unl~ ~h;dl hc parahlc up~~n no~ice from I rndcr ~~rro~~cr re4ur•ting pa~mrnt there~~f. anJ d~all hcar imrmst fmm the ,
Jate ~f dicburcrment at th~ rat~ paruhlr f~c~m time to time c~n uulstanding principal urtder ~hc NMe unlecc paymeot of
inlcrrst at siKh r:itc ~voul~l be comrar~• to applicablc law, in ahirh event tuch amou~ts ~hall hear intere~t at thc highest rate
p~;rmicsihle undcr ap~licable law. ~othinR rnntained in ~his paragraph 7 shal) requit~e I.ender to incur any e~penu or take
any action hcroundcr. ~ C ~3~
8. Insperfion. I.ender ma~• mak~ or c tkc t a ahic cntriec upon and ins{kclians of the Pmpeny. provided `
~hat 1_ender shall give Barravrer ncuice prior to any s«ch ins{+e~lion specifying reasonable rausc thcrefor rclatcd ta i.ende~'s '
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intcr~ct io the Pmpem. ' ,
9. Coedemnatbn. The prc?reedc of :~i;aw'ard_ O[ ~1~~m for damages, dircet or roncequential. in connection with any '
condemnation or Mher takin~t of the Pro~dqEtir p~'t~Ih#Moj, or for conveyance in lieu of co~demnation, are hereby assigned 4
~nd. shal! bc paid to 1_ender. ~ zr=~ .r r•; .r
In Ihe event of a total taking of the Property, the proeeeds ~hall be ap~lied to the ~ums sec~~red by thic Mo~tgage. {
with the ercess, if any. r:~id ro Barrawer. Tn the event ~f a p~rtial taking oi the Proper~y. unlec~ $orrourer and I.e~der :
~~~herwise agrce in w~itir~g. therY shaU be applied to Ihe cums securce! by thi~ Mortgage s~~ch proporticu~ of the ptoceeds s
as is equ~l to that propani~~n which Ibe amount of the sumx secured by this No~tg~ee immcdiately prior to thc date of i
~aking bears to thc fair ma~ket valuc of thc Propcny immcdiately prior to thc date of t~king, w•ith the t~alance of thc pn?ceech '
paid M Bo~rower. ' - ~
If the Property ic abandont~! by Borrower, or if. aftcr notice hv T_endcr ta Borrow•e~ that the condemnor oftcn to make
an award.a~. settk a claim for dama~es, Hor~ower fails t~ rexExmd M t ender within 30 da~•s after the date ~uch notice is ~
mailed.` Lende~ is authorized to collect and apply the proceeds. at-l.ender'c c~ption. either to rect~ration or repair of the ~
Prop7riy~or to the sums tccurcd bt this Mortgage. ;
`Unlers 1_enskr and BurroN~cr atherwise agree in w•ritin~. any such appliration ~f prcxeeds to principal shall nM extend
or postpone the duc date of the monthl~• installmeMs rcfcrrcd to in pa~agraphc 1 and 2 hereof or chanee the amount of
wch installmeots. '
10. 8orreaer Not Rekased. ~xtension of the time f.~r pa~~ment or mc~dificatian of amortizatio~ of the sumc ~ecured
b}:this Morteage granted by 1_enJer to any cuccessc~r in interest of Bo~ower sha~l not operate to release, in any manner.
~h~ liabilit)• ~f Ihe oriqinal Bo~rower and Borrm?~er ~ sucressors in imerest. l.ender shall not he rcquireJ to commence
prutixdings agairtst such s~~essor or refuse to ertenJ timc for paymeM or otherW ise malifv amortizatinn c~f the sums ~
«ured ~+y thi~c Martgagr hy reason of any deman3 made by thr orieinal ~rrrn~•er and $orrower s succes~rc in interecl.
11. Forbearaaee by Ixnder Not a Waiver.~ny f~~rt+earancc b~• l.ender in exercising am• righi or remedv hcrennder, or
otherwise afforded by applicable IaN, chall not t+e a waivet of or preclude the erercise of any such ~ight or remedy~.
The pra:urcment of insurancc or ihe payment of taxcs or other licns ur chargcs by I.endcr shaq not be a waiver of I.ender s
right to accelerate thc mawrity of the indebtednesc u-curctl h~~ thi~ ?~iongage. "
12. Remedies CemuMfire. All remedies pm~~ided in this !1lnrigage are dislinct and cumulative to anY ~ther riRht or -
remeJ}• under this MortRage ar afToreied h~~ law ~x equity. and may he exercised concurrenNy. independentty or succecsi~~el~•.
13. Suceessors aad AssiRns 8onnd: loinl aad Se~erel I.iab~litY; Caplions. "1~ covenants and agreements hcrcin
cont:~ir~ shall bind. and the riRhts hemunder shall inure to. the r~~p~xtive successors aod assigns of I.encler and Borrower, ~
subject to the provision~ of paragraph 17 hereof. All co~•enants and agreementc of Borrower shall be j~i~t and several.
The captians and headings of the paragraphc of ~his Mor~gage are for conveoience t?nl}• and are not t~ t~e used to
imcrp~t cx~ define thc provisions hcreof.
14. Notke. Exce~st for any notice rcq:~ircd under appticable law~ ti~ be gieen in another manner. (a) am notice to
Borrower ~mvided far in this ~lortgage shall be gi~en by mailing ~urh notice hy certificd mail addresa:d ~a Borrouer at
the Property Address or at such othcr adJress'as Borm~~er ma~~ dc:ignatr b}• noticc to i.endcr as providc~l herein. and -
(bi an~• notice to i_cnder shall hc given by certificd mail. rcti~m recc+pt rcquectcd. to l.cnder s addresc stated hcrein or to
si~ch other addre~ as I_ender may designato by nMi~-e to Bormwcr as p~o~•idcd hercin. Anv notice pmvidcd for in this
Mortgage shall be deemed to have been given to Borrouer or 1 cnckr when given in thc manner designa~ed herein. .
15. Uni(orm 1torlR~e; Governia~: I.sw: Se~•erability. This form of mortgage combines unifo?m rnvenants for national
use and non-uniform c~~~•enantc w•ith limited eatialions by jurixlic~ion tu constitute a uniform security inst~ument covering s
reai property. This Mortgage shall bt: guverned by _the law of the juriulicti.~n in which thz Propeny is la:ated. in the
eveot that any provision or clause af this 1~lortgage or the I~ute rontlicts witfi applicable law. such conflict shall not atTect
other prorisions of thi~ Mortgage or the lYote w~hinc ~an he gi~c~ e(fect withoert the conflicling pm~•ision. and to this
end the pro~~icions of the Mortgagc and the Ni~te arc .k~:lared to he severa6lc.
16. Borrower's Cop}. Borrowzr shall bc furni.hed a confonned ropy o( ihc Notr and of this Mortgage at the time
uf execution or after rccordation hereaf. . ;
17. Transfer of the Properfti•: Assumplion. If all ur an~~ pa~t of the Pmpertv or an interest therein it s~~ld or transfer~ed
by 8orrower ~r•ithout Lender's prior.writlen cunsu:m. e~cluding (al the creation of a lien or encambranee subordinate to
this Mortgage. (h) the creation of a purcha~e moncy ~iirit~- intercs~ for houschold appliancec, (c) a trancfer b~• devise,
descent or by opcration oF lav?• upon the Jeath of a jaint trnant ~r ld? ~hc grant of any icasehoid intercst of threc years or less
not containing an option to purchase, ?.ender may, at Lrnder'~ c~ption. declare all the sums secured by this Mortgage to be
immeJiase!}• due and payable. Lrnder shaU ha~•e wai~cd wch option to accclerate if. prior to the sale or transfer. I_ender
and the p~rson to whom the Pmperty ic ~o be sol~l or transferred rcach agreement in writing that the crcdit of such person
is satisfactory ta T.ender and that tlx intercct pa}~able on the sumc secured by this ;~tortgage shal! be ai such rate as ? endtr
sh•rll request. (f i_encier has waived the o~ion to acceierate pmvided in this p~ragraph 17, and if Borrower's successor in
interest hac executed a v?ritten assumption agreement acccpted in w•riting by I_encler, I_ender shall release Borrower from all
oWigations unefer this Mortgage and the Note. ;
)f i.ender exercises si~ch option to accelerate: Lender ~hall maii Borrow•er nofice of acceleratiort in accordance with '
paragraph 14 l~ereof. Siich notice shall provide a periv~l of not Iess than 30 da)s trom the date the notice is mailed within
u~hich Bormwer ma} pa) the sums declareJ due. If Bnrrv~ec fails to pay such sums prior to the expiration of such period, -
I_cnder may. without fu~ther n~~ice or ~lemand on Barrowcr, invake an~~ rcmedies permitted by paragraph IR hereof.
NoN-UK~FOr~t?~ CoveN~rv7s. Borrower and I.endtr furthcr cavenant and agree as follows: -
18. Aceekrdbe; Remedks. Except as pro.~ided fo parsq~raph 1~ hcreof. upoa Borrower's breac6 of 9np rnvenant or
agreement of Borrower b tbis tltafgage, includin~ t6e co~enants to pay when due any sums secured 6y t6is Mortgage, I.tader
prbr to sccekratioa s6aA mail aatice to lbrrower as pro~~ided in para~raph 14 hereof specifyiag: (1) the bresch; (2) tbs action
reqnired to cnre soc6 b~eac6; ~ d~e. not les~s t~n 3A dsjs from the dste tl~e notice is maikd to Borrower, by w6k6 sac6
brwch m~t 6e cxnd; sod (4) tlut fs~ilure to care snch breaca on or 6efore the dste specified in the notke may raolt ia
accekratton ot t6e soms secored by this Mortgage, forecbsure by judicial proceeding~and ssde of fhe Property. 1be notlce
shsil further inform Borrowtr of the rigM to reinstafe after accelers~tioa and tl~e rTgbt to assert in the foreclosnn proceedi~
tl~e aoe-e~c~+tence of a defanlt or anf Whe~ detease of Borrower to ~ccekration and foreclosnre. If tbe breach b aot cared oe
or beforr tbe date spec~iied in tbe notice, Lender at Lender's option nwy declare all oE the sums secnred by this Mortta~ee to be
' irunkdlately dne aod payabk withoet fnril~er de~aad and may foreclase tais Mortgage by judka~l proctediu~. I.coder sdaA
~ be ealitkd to copect ie such proceediaa aq expeases of toreclosure, iacludlns. bnt aot lim~trd to, n~sonabk ~tornel's fea,
; a~d co~s of do~wmenhry evldence, a6shacts aad tNk reporis.
; l9. Borrowels Risbt to Reiastate. Notwithstanding Lender s acceleration of the sums secured by this Morigage. '
k Borrower shall have the right to have any proceedin~.s I~egun by Lender to enforce this Mortgage discontinuod at any time i
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